A New Fertilizer That Is Better Suited to a Nation's

question 153

Multiple Choice

A new fertilizer that is better suited to a nation's topography and climate is an example of a technological advance that is

• A) capital using.
• B) capital saving.
• C) capital intensive.
• D) an in-kind investment.

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Definitions:

Total Variable Cost

Charges that fluctuate in direct relation to the volume of production or output.

Merchandising Company

A Merchandising Company is a business that purchases finished products and sells them at a profit, without altering the products themselves.

Cost Structure

The composition of a company’s costs, including fixed and variable costs, which impacts its profitability and pricing strategy.

Variable

A variable is an element, feature, or factor that is liable to vary or change; in business, it often refers to costs that fluctuate with the level of production or sales.